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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $202.51
- 4 Days on Market
- MLS # : 2269552
- Updated Date : 02/20/2021 at 10:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,469 sqft
- Baths : 3 full
Listing Agent
Platinum R.e. Professionals
Listing Agent's Description
WHOA NELLY SUPER RARE FIND 3 CAR GARAGE HUGE LOT BASKET BALL COURT AND SPARKLING POOL! HISTORIC HOME SHORTAGE! Beautiful entry way leads you to nice open floor plan with formal areas. Gourmet like kitchen with stunning granite that overlooks the entertainment room. Take a stroll out back to your own mini resort with covered patio, putting green, basket ball court and sparkling pool. The second floor boast of huge penthouse like master bedroom with relaxing spa like master bathroom large secondary bedrooms separate from the master gives you privacy. A CALIFORNIA EXODUS FAVORITE DONT DELAY CLICK TODAY
SEE MORE
- A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
- Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
- Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
- Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
- Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$267 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$22
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$500,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
6.17
YEARS SAVED
$35,020
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,204
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
930 Denberry Way Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,220
- $0.90
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8019 Skywall Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1991
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,950
- $0.84
-
7734 Locke Haven Drive Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 1994
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,995
- $0.79
-
7450 Trudy Lane Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,172 Sqft ∙ Built 1982
LEASED 10/10/19- Rent
- Rent Per SQFT
- $2,200
- $1.01
-
7530 Demona Drive Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,475 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,475 Sqft ∙ Built 1988
LEASED 02/12/21- Rent
- Rent Per SQFT
- $2,300
- $0.93
PROPERTY LISTING DETAILS
1.702.617.4637
Platinum R.e. Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269552
Last Updated: 02/20/2021
